Just Earth News | @justearthnews | 01 Apr 2022, 09:06 am Print
China COVID19 Uncertainties Representational image by Thi Nguyen via Wikimedia Commons
Beijing: The factory activities in China, a country witnessing a surge in COVID-19 cases, likely shrank in March, media reports said on Friday.
The purchasing managers' index (PMI) for China's manufacturing sector has eased to 49.5 in March from 50.2 in February, data from the National Bureau of Statistics (NBS) showed Thursday, reports Xinhua news agency.
A reading above 50 indicates expansion, while a reading below reflects contraction, the news agency reported.
Clusters of epidemic outbreaks across the nation, along with rising global geopolitical uncertainties, have affected the production and operation of enterprises, NBS senior statistician Zhao Qinghe told Xinhua.
- UN report shows global economy shows signs of growth, but experts believe recovery remains fragile
- Shocking! Pakistanis spend two-thirds of their income on food and power—Remittances are now lifeline
- SoftBank goes all in on OpenAI, takes 11% stake after $22.5 billion infusion
- World’s top 100 weapons makers hit record $679 billion in 2024
- Asia on the move: Why millions are being driven out by job crises and failing services
-1763561110.jpg "Image of the day: November 19, 2025")
